Andhra Pradesh govt selects Adani Ports to develop Bhavanapadu Port

The authorities went ahead and opened the sole financial bid of Adani Ports to complete the selection process

Andhra Pradesh government has finally approved lone bidder Adani Ports and SEZ Limited as the developer of Bhavanapadu Port project after negotiating for a higher revenue share with the company.

Located in the north-coastal district of Srikakulam, the proposed port would serve the hinterlands of Odisha and Chattisgarh and nearby districts in AP. It would also help expand the company's footprint in South on the eastern sea coast.

Adani Ports was the only company out of the three short-listed firms to submit the financial bid for the port project in 2016. Navayuga and Gangavaram Port Limited, the two home-grown port